Hewlett Packard Enterprise Company (NYSE:HPE) – Stock analysts at KeyCorp issued their Q3 2017 EPS estimates for Hewlett Packard Enterprise in a research report issued to clients and investors on Sunday. KeyCorp analyst A. Kurtz expects that the technology company will post earnings of $0.24 per share for the quarter. KeyCorp also issued estimates for Hewlett Packard Enterprise’s Q4 2017 earnings at $0.45 EPS.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The company’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS.

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HPE has been the subject of several other reports. Berenberg Bank set a $17.00 target price on Hewlett Packard Enterprise and gave the company a “hold” rating in a research report on Saturday, June 3rd. Tigress Financial initiated coverage on Hewlett Packard Enterprise in a research report on Monday, April 17th. They set a “neutral” rating for the company. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, June 5th. Raymond James Financial, Inc. restated an “outperform” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Monday, June 5th. Finally, Barclays PLC lowered their price objective on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $21.99.

Shares of Hewlett Packard Enterprise (NYSE HPE) opened at 17.15 on Wednesday. The company has a market capitalization of $28.17 billion, a PE ratio of 13.00 and a beta of 2.74. The firm’s 50-day moving average price is $16.97 and its 200 day moving average price is $17.58. Hewlett Packard Enterprise has a one year low of $14.76 and a one year high of $19.16.

In other Hewlett Packard Enterprise news, EVP Christopher P. Hsu sold 11,515 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $18.80, for a total value of $216,482.00. Following the sale, the executive vice president now directly owns 24,083 shares in the company, valued at $452,760.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christopher P. Hsu sold 72,935 shares of the business’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $18.28, for a total value of $1,333,251.80. Following the completion of the sale, the executive vice president now owns 82,582 shares in the company, valued at $1,509,598.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 532,637 shares of company stock worth $9,150,294. Corporate insiders own 0.87% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Reilly Financial Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at about $125,000. Harfst & Associates Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at about $127,000. James Investment Research Inc. raised its stake in shares of Hewlett Packard Enterprise by 8.8% in the first quarter. James Investment Research Inc. now owns 5,580 shares of the technology company’s stock valued at $132,000 after buying an additional 450 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC raised its stake in shares of Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after buying an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

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